The ESA Voyage 2050 report (https://www.cosmos.esa.int/web/voyage-2050) names the “characterisation of temperate exoplanets in the mid-infrared, through a first spectrum of direct thermal emission from exoplanet atmospheres to better understand if they harbour truly habitable surface conditions” as one of the top three priorities for future large-scale missions. This is the goal of the mission concept LIFE - Large Interferometer For Exoplanets (https://life-space-mission.com/). The LIFE initiative is currently investigating the scientific potential and technological challenges of an ambitious mission using a formation-flying nulling interferometer in space operating at mid-infrared wavelengths. The poster will outline the basic concept of the LIFE mission and present predictions for the discovery yield of exoplanets in our neighborhood as well as recent key results regarding the detectability of biosignatures and indicators of habitability.